Why Fox Stock Is Tumbling After $22 Billion Roku Deal - Barron's
FOX CORP. STOCK PLUMMETS AFTER RECORD-BREAKING ACQUISITION DEAL In a move that sent shockwaves through the media and entertainment industries, Fox Corporation (NASDAQ: FOXA) announced on Monday that it would be acquiring streaming technology maker Rokufor for a staggering $22 billion. The deal, which is one of the largest